Components of Business Environment – Economic Environment, Technological Environment, Social Environment, Demographic Environment and a Few Others. The general environment of an organisation is made up of vital components such as economic, technological, social, demographic, political and legal andRead more
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Meaning : It’s that time again where we like to look ahead at the incoming year and pinpoint the biggest trends to keep an eye on in the global trade environment. 2019 was another year full of challenges, surprises, and continued volatility. This year looks to be less explosive, with fewer conflictsRead more
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Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. In simple terms objective of Financial ManagemRead more
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The following points highlight the three main approaches to financial management. The approaches are: 1. Traditional View 2. Modern View 3. Liquidity and Profitability. Approach # 1. Traditional View: Financial management is primarily concerned with acquisition, financing and management of assets ofRead more
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Meaning of Working Capital: Working capital means current assets or circulating capital. Experts define working capital in both, narrow as well as broad sense. In the narrow sense, it is defined as “the difference between current assets and current liabilities”. In a broader sense, working capital hRead more
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The following points highlight the top thirteen characteristics of the Indian economy. Some of the characteristics are: 1. Low per capita income 2. Excessive dependence of agriculture and primary producing 3. High rate of population growth 4. Existence of chronic unemployment and under-employment 5.Read more
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The modes of winding up may be discussed under the following two heads, namely:- 1. Compulsory winding up by the court. 2. Voluntary winding up without the intervention of the court. Mode # 1. Compulsory Winding Up by the Court: Winding up of a Company by an order of the court is called the compulsRead more
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A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers. ... The different forms of business organizations are Sole Proprietorship, General Partnership, Limited Partnership, Corporation, "S" Corporation, and LimitRead more
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Doing a master's in business administration means that you need to choose the right place to do it where you have the maximum exposure, which will help you grow professionally. The idea of an MBA is getting into the depths of the subject of business administration. Not like an undergraduate programRead more